09 June

Sticky

In a world first, El Salvador makes bitcoin legal tender By Reuters

Posted by admin

in News

By Nelson Renteria, Tom Wilson and Karin Strohecker SAN SALVADOR (Reuters) -El Salvador has become the first country in the world to adopt bitcoin as legal tender after Congress approved President Nayib Bukele's proposal to embrace the cryptocurrency. With 62 out of 84 possible votes, lawmakers voted in favor of the move to create a law to adopt bitcoin, despite concern about the potential impact on El Salvador's program with the International Monetary Fund. Bukele has touted the use of bitcoin for its potential to help Salvadorans living abroad to send remittances back home,...

09 June

0 Comments

Sticky

ECB policymakers to hold 3-day retreat to discuss review: sources By Reuters

Posted by admin

in News

FRANKFURT (Reuters) -European Central Bank policymakers will hold a three-day retreat in Frankfurt next week, aiming to discuss and potentially resolve key issues related to the bank's strategy review, three sources familiar with the process said. The review, started last year but suspended for much of 2020, will redefine the bank's inflation target and could define new roles for the ECB in fostering equality and fighting climate change. The gathering, the first physical meeting of the 25-member Governing Council since before the pandemic, aims to make significant progress though its far from certain that...

09 June

0 Comments

Sticky

Shares in Italy’s Autogrill fall ahead of 600 million euro rights issue By Reuters

Posted by admin

in News

MILAN (Reuters) - Shares in Italy's Autogrill fell more than 1% on Wednesday after the caterer unveiled details of a 600 million euro ($731 million) rights issue due to start next week. The company controlled by the Benetton family said on Tuesday it would offer 130.6 million new shares at a price of 4.59 euros each, a 27.9% discount on the theoretical price of the stock following the issue, or TERP. After opening down 2.6% on the Milan bourse, the shares were 1.7% lower at 1000 GMT, underperforming a 0.2% drop in Milan's FTSE all-share index....

09 June

0 Comments

Sticky

UK keeping all options open if no N.Ireland deal with EU, says source By Reuters

Posted by admin

in News

LONDON (Reuters) - Britain is keeping all options on the table in talks with the EU on trade with Northern Ireland, including potentially further extending a grace period on checks on chilled meat moving from the mainland to the province, a senior UK source close to the talks said on Wednesday. The source also said the British side still believed there were solutions to be found to ease post-Brexit trade with Northern Ireland and the two sides will press on with talks before a June 30 deadline when the grace period ends. ...

09 June

0 Comments

Sticky

Pakistan administers 10 million COVID vaccine doses; eyes 70 million target By Reuters

Posted by admin

in News

ISLAMABAD (Reuters) - Pakistan on Wednesday hailed the administering of 10 million doses of coronavirus vaccines as an important step towards its goal of vaccinating 70 million people by the end of the year. "Thank God, we have succeeded in administering 10 million vaccine (doses)," the minister in-charge for COVID-19 operations, Asad Umar, told a ceremony to mark the milestone in Islamabad. "Our target is to vaccinate up to 70 million people by the end of this year," he said of the total adult population eligible for the vaccination out of a 220 million...

09 June

0 Comments

Sticky

Ryanair extends winning streak as court annuls German aid for Condor By Reuters

Posted by admin

in News

By Foo Yun Chee BRUSSELS (Reuters) -Ryanair on Wednesday won its challenge against state aid granted to German charter airline Condor, a third victory in its fight against billions of euros in pandemic support granted to its rivals. The Luxembourg-based General Court annulled regulators' decision approving the measure but said Condor would not be required to repay the aid for now due to the COVID-19 pandemic and pending a new decision by the European Commission. "The General Court annuls the Commission decision approving the state aid granted by Germany to the airline Condor Flugdienst on...

09 June

0 Comments

Sticky

Regulator approves trading platform for new UK-Norway power cable By Reuters

Posted by admin

in News

By Nora Buli OSLO (Reuters) - The Nord Pool exchange has received an operating license to host day-ahead power trading auctions for the first electricity cable linking Norway and Britain from this autumn, Norway's Energy Regulatory Authority (NVE-RME) said on Wednesday. The concession allows Nord Pool to run auctions for delivery over the new 1,400 megawatt (MW) North Sea Link cable once trial operations begin on Oct. 1, the regulator said. On Tuesday, the operators of North Sea Link, transmission system operators (TSOs) Statnett and National Grid (LON:NG), announced testing of the subsea cable...

09 June

0 Comments

Sticky

European Commission starts legal steps against Germany over ECB ruling By Reuters

Posted by admin

in News

(Reuters) - The European Commission on Wednesday started a legal procedure against Germany, investigating whether a German court broke EU rules by challenging central bank bond purchases already approved by the top EU court. The Commission, the EU's executive arm, sent a letter to Germany notifying Berlin that it was exploring whether the German court's ruling had violated EU rules, according to a statement. Such a letter is the first stage in a process that can ultimately lead to the Commission asking the EU's Court of Justice to impose penalties. ...

09 June

0 Comments

Sticky

Inflation opens rare rift in Hungary’s top brass as Orban eyes 2022 vote By Reuters

Posted by admin

in News

By Krisztina Than and Gergely Szakacs BUDAPEST (Reuters) - Hungary's fast economic rebound from the pandemic and rising inflation opened a rare rift between the government and central bank on Wednesday, with the bank's governor flagging imminent rate hikes and calling for a lower budget deficit. Nationalist Prime Minister Viktor Orban, who faces a tough election in April 2022, however, said Hungary cannot cut its budget deficit to 3% of economic output next year in one step from 7.5% as it would deal too big a shock to the economy. Orban, who has been...

09 June

0 Comments

Sticky

High Court finds UK government acted unlawfully over contract By Reuters

Posted by admin

in News

LONDON (Reuters) -London's High Court has found Britain's government acted unlawfully when it gave a contract to a public relations firm run by associates of Prime Minister Boris Johnson's former chief adviser, Dominic Cummings. The court agreed with a complaint that the government had shown "apparent bias" in awarding more than 560,000 pounds ($794,000) to Public First. The Good Law Project, a campaign group, brought a judicial review against the government, saying the contract was awarded without any competitive tenders in the early stages of the coronavirus pandemic. "The decision of 5 June 2020 to...

Меню

News

In a world first, El Salvador makes bitcoin legal tender By Reuters

ECB policymakers to hold 3-day retreat to discuss review: sources By Reuters

Shares in Italy’s Autogrill fall ahead of 600 million euro rights issue By Reuters

UK keeping all options open if no N.Ireland deal with EU, says source By Reuters

Pakistan administers 10 million COVID vaccine doses; eyes 70 million target By Reuters

Ryanair extends winning streak as court annuls German aid for Condor By Reuters

Regulator approves trading platform for new UK-Norway power cable By Reuters

European Commission starts legal steps against Germany over ECB ruling By Reuters

Inflation opens rare rift in Hungary’s top brass as Orban eyes 2022 vote By Reuters

High Court finds UK government acted unlawfully over contract By Reuters

FINSPECTION MANAGEMENT LTD

FINSPECTION PLC LTD

FINACOM MANAGEMENT NV